Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Retained earnings, January 1 $1,317,050 $1,118,150 Net income 276,000 229,000 Dividends: On preferred stock (9,100) (9,100) On common stock (21,000) (21,000) Retained earnings, December 31 $1,562,950 $1,317,050 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $1,773,900 $1,634,330 Cost of merchandise sold 592,760 545,340 $1,088,990 $1,181,140 $423,590 $497,980 Gross profit Selling expenses Administrative expenses Total operating expenses 360,830 292,470 $784,420 $790,450 Administrative expenses 360,850 2927470 Total operating expenses 5784,420 $790,450 $396,720 5298,540 20,880 19,060 Income from operations Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense (104,000) $313,600 (57,600) $260,000 31,000 $229,000 37,600 Net income $276,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 20Y1 Assets Current assets: Cash $242,310 $282,130 Marketable securities 366,730 467,530 306,600 284,700 Accounts receivable (net) Inventories 233,600 175,200 Prepaid expenses 45,840 56,430 Total current assets $1,195,080 $1,265,990 Long-term investments 936,230 300,791 Property, plant, and equipment (net) 1,690,000 1,521,000 1,690,000 1,521,000 Property, plant, and equipment (net) Total assets Liabilities $3,821,310 $3,087,781 $398,360 Current liabilities 5490,731 Long-term liabilities: Mortgage note payable, 8% $580,000 so Bonds payable, 8% 720,000 720,000 Total long-term liabilities $1,300,000 $720,000 Total liabilities $1,698,360 $1,210,731 Stockholders' Equity Preferred $0.70 stock, $20 par $260,000 $260,000 Common stock, $10 par 300,000 300,000 Retained earnings 1,562,950 1,317,050 Total stockholders' equity $2,122,950 $1,877,050 Total liabilities and stockholders' equity $3,821,310 $3,087,781 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which s requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover TII 5. Number of days' sales in receivables days 6 days 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets % % 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio LUDOTI 17. Dividends per share of common stock 18. Dividend yield %